Analysts Set Kohl's Co. (KSS) Target Price at $46.57
Shares of Kohl's Co. (NYSE:KSS) have earned an average recommendation of “Hold” from the twenty-four brokerages that are currently covering the company. Five equities research analysts have rated the stock with a sell recommendation, twelve have assigned a hold recommendation, five have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $46.57.
A number of equities research analysts recently issued reports on KSS shares. Credit Suisse Group AG downgraded shares of Kohl's Co. from a “neutral” rating to an “underperform” rating and set a $39.00 target price for the company. in a report on Wednesday, January 18th. Zacks Investment Research downgraded shares of Kohl's Co. from a “hold” rating to a “strong sell” rating in a report on Tuesday, January 17th. Vetr downgraded shares of Kohl's Co. from a “buy” rating to a “hold” rating and set a $43.22 target price for the company. in a report on Thursday, February 9th. BMO Capital Markets restated a “hold” rating and issued a $45.00 target price on shares of Kohl's Co. in a report on Monday, March 27th. Finally, Robert W. Baird downgraded shares of Kohl's Co. from an “outperform” rating to a “neutral” rating and decreased their price objective for the stock from $60.00 to $44.00 in a research note on Thursday, January 5th.
In other Kohl's Co. news, Director Frank V. Sica sold 14,628 shares of the company’s stock in a transaction dated Thursday, March 2nd. The shares were sold at an average price of $42.32, for a total value of $619,056.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.20% of the stock is currently owned by corporate insiders.
Hedge funds have recently bought and sold shares of the stock. American International Group Inc. raised its stake in Kohl's Co. by 5.4% in the third quarter. American International Group Inc. now owns 8,778,896 shares of the company’s stock worth $384,077,000 after buying an additional 448,361 shares in the last quarter. LSV Asset Management raised its stake in Kohl's Co. by 1.3% in the third quarter. LSV Asset Management now owns 6,342,077 shares of the company’s stock worth $277,465,000 after buying an additional 81,650 shares in the last quarter. BlackRock Institutional Trust Company N.A. raised its stake in Kohl's Co. by 2.6% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 6,014,128 shares of the company’s stock worth $263,118,000 after buying an additional 149,586 shares in the last quarter. FMR LLC raised its stake in Kohl's Co. by 3.1% in the fourth quarter. FMR LLC now owns 4,175,125 shares of the company’s stock worth $206,168,000 after buying an additional 126,403 shares in the last quarter. Finally, Wells Fargo & Company MN raised its stake in Kohl's Co. by 6.3% in the third quarter. Wells Fargo & Company MN now owns 3,259,961 shares of the company’s stock worth $142,624,000 after buying an additional 193,867 shares in the last quarter. 98.33% of the stock is owned by institutional investors.
Shares of Kohl's Co. (NYSE:KSS) traded up 4.03% during mid-day trading on Monday, reaching $40.76. 4,866,439 shares of the company traded hands. Kohl's Co. has a 52 week low of $33.87 and a 52 week high of $59.67. The stock’s 50-day moving average is $39.44 and its 200-day moving average is $44.66. The company has a market capitalization of $7.03 billion, a P/E ratio of 13.11 and a beta of 1.12.
Kohl's Co. (NYSE:KSS) last released its earnings results on Thursday, February 23rd. The company reported $1.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.33 by $0.11. Kohl's Co. had a net margin of 3.17% and a return on equity of 13.59%. The firm earned $6.21 billion during the quarter, compared to the consensus estimate of $6.22 billion. During the same period in the previous year, the firm earned $1.58 earnings per share. Kohl's Co.’s revenue was down 2.8% compared to the same quarter last year. On average, equities analysts predict that Kohl's Co. will post $3.61 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 22nd. Shareholders of record on Wednesday, March 8th were issued a $0.55 dividend. This represents a $2.20 dividend on an annualized basis and a yield of 5.40%. This is an increase from Kohl's Co.’s previous quarterly dividend of $0.50. The ex-dividend date of this dividend was Monday, March 6th. Kohl's Co.’s dividend payout ratio is presently 61.16%.
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About Kohl's Co.
Kohl’s Corporation (Kohl’s) is an operator of department stores. The Company also operates an e-commerce Website (www.Kohls.com). The Company operates over 1,160 department stores in approximately 50 states. The Company sells private label, exclusive and national brand apparel, footwear, accessories, beauty and home products.
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